When getting insurance for your entity, make sure to pay the least amount for the most amount of coverage. Today, Clint Coons of Anderson Business Advisors talks to Drew Maconachy of Maconachy Stradley Insurance about insurance inspections.

Highlights/Topics:

Appearance is Everything: Do you look like a mom-and-pop or professional real estate investor to your insurance carrier?

Fake it, til You Make It: You’re smart, knowledgeable, and know what you’re doing - even if you don’t - when carriers inspect your properties

Matrix of coverage and cost determines which carrier is picked to insure your property

Inspection Required: Insurance carrier may require an inspection within 60 days and has the right to cancel coverage due to the results

Failed Inspection means: This isn’t a great operator, this isn’t a great building, or both